Barclays PLC Raises Stock Position in Veritone, Inc. (NASDAQ:VERI)

Barclays PLC grew its holdings in shares of Veritone, Inc. (NASDAQ:VERI) by 514.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,536 shares of the company’s stock after buying an additional 31,423 shares during the quarter. Barclays PLC owned 0.09% of Veritone worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Clarity Capital Partners LLC bought a new position in Veritone during the fourth quarter valued at $34,000. Charles Schwab Investment Management Inc. bought a new position in Veritone during the 4th quarter valued at about $66,000. LPL Financial LLC bought a new position in Veritone during the 4th quarter valued at about $48,000. Finally, Geode Capital Management LLC raised its position in Veritone by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 377,056 shares of the company’s stock worth $1,237,000 after purchasing an additional 13,397 shares during the period. Institutional investors own 39.18% of the company’s stock.

Analyst Ratings Changes

VERI has been the subject of several recent analyst reports. UBS Group dropped their target price on Veritone from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. LADENBURG THALM/SH SH started coverage on Veritone in a report on Monday, March 17th. They set a “buy” rating and a $6.00 price objective for the company. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Veritone in a research note on Monday, March 17th. Finally, D. Boral Capital reiterated a “buy” rating and set a $4.50 target price on shares of Veritone in a research report on Monday, April 28th.

Veritone Stock Performance

Shares of NASDAQ VERI opened at $1.77 on Thursday. Veritone, Inc. has a 52-week low of $1.75 and a 52-week high of $5.64. The firm has a market capitalization of $79.39 million, a price-to-earnings ratio of -0.82 and a beta of 3.06. The stock has a 50 day moving average price of $2.25 and a 200 day moving average price of $2.72.

About Veritone

Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.